SquaredFinancial Forex Broker
Basic Information
Cyprus
5-10 years Regulated in Cyprus Market Maker (MM) Suspicious Scope of Business Medium potential riskCompany profile
Rating Index
CLASSIC ACCOUNT
STANDARD ACCOUNT
Squaredfinancial Forex Broker - Complete Information Guide
1. Broker Overview
Squaredfinancial is a financial services provider that has been operational since 2005, focusing on delivering comprehensive trading solutions to retail and institutional clients. The company is headquartered in Cyprus and maintains additional offices in the Seychelles, allowing it to cater to a global clientele. As a privately owned entity, Squaredfinancial has established itself as a trusted broker in the financial markets.
Over the years, Squaredfinancial has achieved significant milestones, including recognition for its transparency and commitment to client security. The firm operates under the umbrella of Squared Financial (Cyprus) Limited, which is licensed by the Cyprus Securities and Exchange Commission (CySEC), and Squared Financial (Seychelles) Ltd, regulated by the Seychelles Financial Services Authority (FSA). This regulatory framework underscores its commitment to compliance and safeguarding client interests.
Squaredfinancial primarily serves the European market but has expanded its reach to clients across various regions, including Asia and the Middle East. The broker offers a diverse range of trading services, including retail forex trading, CFDs (Contracts for Difference), and other investment products. Its business model is built on providing competitive trading conditions, advanced technology, and a robust educational framework for traders of all experience levels.
2. Regulation and Compliance Information
Squaredfinancial is regulated by two prominent authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). The regulatory licenses are as follows:
- CySEC License Number: 329/17
- FSA License Number: SD 024
Both licenses ensure that Squaredfinancial operates within the legal frameworks set forth by these regulatory bodies, providing clients with a level of trust and security. The regulatory framework includes compliance with the European Markets in Financial Instruments Directive II (MiFID II), which enhances investor protection and promotes transparency in the financial markets.
Squaredfinancial adheres to strict client fund segregation policies, ensuring that client funds are held in separate accounts from the company's operational funds. This practice is essential for protecting client assets in the event of financial difficulties. Additionally, the broker participates in the Investor Compensation Fund (ICF), which provides compensation to eligible retail clients in the event that the broker cannot meet its financial obligations.
The broker also implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraudulent activities and ensure the integrity of its operations.
3. Trading Products and Services
Squaredfinancial offers an extensive array of trading products, catering to the diverse needs of its clients. The broker provides access to over 10,000 financial instruments, including:
- Forex: A wide range of currency pairs, including major, minor, and exotic pairs.
- CFDs: Contracts for Difference on indices, commodities, shares, and cryptocurrencies.
- Indices: Trading options on major global indices.
- Commodities: Including energies like oil and natural gas, as well as precious metals like gold and silver.
- Cryptocurrencies: A selection of popular cryptocurrencies is available for trading.
The broker continuously updates its product offerings, ensuring that clients have access to the latest market trends and instruments. Retail trading services are complemented by institutional services, providing a comprehensive trading environment for all types of clients.
4. Trading Platforms and Technology
Squaredfinancial supports the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces and advanced trading capabilities. These platforms are accessible on various devices, including desktop and mobile, allowing traders to execute trades seamlessly from anywhere.
- MetaTrader 4: Offers robust charting tools, technical indicators, and automated trading capabilities, making it a favorite among forex traders.
- MetaTrader 5: Features a more modern interface with additional analytical tools, allowing traders to analyze multiple markets simultaneously.
In addition to the MT4 and MT5 platforms, Squaredfinancial provides a web-based trading platform that enables clients to trade without downloading any software. This flexibility ensures that traders can manage their accounts and execute trades conveniently.
The broker's trading infrastructure is supported by high-speed servers located in London, ensuring fast execution and minimal latency. Squaredfinancial also offers API access for traders interested in automated trading solutions.
5. Account Types and Trading Conditions
Squaredfinancial provides two primary account types designed to meet the needs of different traders:
- Squared Pro Account:
- Minimum Deposit: $0
- Spread: Average spread of 1.2 pips on major currency pairs.
- Commission: None.
- Leverage: Up to 1:30 for retail clients.
- Minimum Trade Size: 0.01 lots.
- Squared Elite Account:
- Minimum Deposit: $5,000
- Spread: Starts from 0.0 pips.
- Commission: $5 per lot traded.
- Leverage: Up to 1:500 for professional clients.
- Minimum Trade Size: 0.01 lots.
- Bank Transfers
- Credit/Debit Cards (Visa, MasterCard)
- E-wallets (Skrill, Neteller)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
- Email Support
- Live Chat
- Phone Support
- Social Media (Facebook Messenger)
Additionally, Squaredfinancial offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees. A demo account is also available for traders to practice and familiarize themselves with the platform before committing real funds.
6. Fund Management
Squaredfinancial supports a variety of deposit methods, ensuring convenience for its clients. The available funding options include:
The minimum deposit requirement varies by account type, with the Squared Pro Account requiring no initial deposit and the Squared Elite Account necessitating a minimum deposit of $5,000. Deposits are typically processed instantly, while withdrawals may take between 3 to 5 business days to reflect in the clients bank account.
Squaredfinancial does not charge deposit fees, but a 2% fee may apply if a trader withdraws the full deposit amount without any trading activity. Additionally, there is an inactivity fee of $25 per month after three months of inactivity, which is relatively standard in the industry.
7. Customer Support and Educational Resources
Squaredfinancial offers comprehensive customer support through various channels, including:
Customer support is available 24/5, and the team is proficient in multiple languages, including English, Spanish, Chinese, and Portuguese. The broker also provides a wealth of educational resources, including webinars, e-books, and market analysis, aimed at enhancing traders' knowledge and skills.
The Squared Academy features a range of materials designed for both novice and experienced traders, ensuring that clients can stay informed about market trends and trading strategies.
8. Regional Coverage and Restrictions
Squaredfinancial primarily serves clients in Europe, Asia, and the Middle East. However, it does not accept clients from certain countries, including the United States, Canada, and New Zealand, among others. The broker's services are tailored to meet the regulatory requirements of the regions it operates in, ensuring compliance with local laws.
In conclusion, Squaredfinancial is a reputable broker that offers a wide range of trading products and services, competitive trading conditions, and robust regulatory oversight. With its commitment to client education and support, it provides a solid foundation for both novice and experienced traders looking to navigate the financial markets effectively.
SquaredFinancial Similar Brokers
Latest Reviews
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason to restrict withdrawals! Exposing the fraudulent behavior of the forex platform with real-name evidence attached. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and fund withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform directly refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and fund withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform inexplicably deducted $943.84 from my account. When I contacted online customer service, they referred me to the account manager, who then redirected me to the platform's risk control department, passing the responsibility back and forth, refusing to process the withdrawal. I now publicly report SquaredFinancial for their actions!
Exposure
3d
RahimJaffer
United Arab Emirates
The web is normal but the number of options for deposit and withdrawal is important. It works directly with banks and seems secure.
Positive
07-06
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason for restricting withdrawals! Exposing the fraudulent behavior of the forex platform with real-name disclosure! Attached with all evidence. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform directly deducted $943.84 without any reason. When contacting online customer service, the platform kept redirecting me to the account manager, and the account manager redirected me to the platform's risk control, passing the buck back and forth, refusing to release the funds. I now publicly report SquaredFinancial for its actions!
Exposure
1d